In the last trading session, 3.71 million shares of the Pagaya Technologies Ltd (NASDAQ:PGY) were traded, and its beta was 6.20. Most recently the company’s share price was $8.81, and it changed around -$0.66 or -6.97% from the last close, which brings the market valuation of the company to $603.69M. PGY currently trades at a discount to its 52-week high of $20.50, offering almost -132.69% off that amount. The share price’s 52-week low was $8.56, which indicates that the current value has risen by an impressive 2.84% since then. We note from Pagaya Technologies Ltd’s average daily trading volume that its 10-day average is 4.35 million shares, with the 3-month average coming to 1.94 million.
Pagaya Technologies Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 1.44. If we narrow it down even further, the data shows that 0 out of 10 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 3 recommended PGY as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Pagaya Technologies Ltd is expected to report earnings per share of 0.26 for the current quarter.
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Pagaya Technologies Ltd (NASDAQ:PGY) trade information
Instantly PGY has showed a red trend with a performance of -6.97% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 17.20 on recent trading dayincreased the stock’s daily price by 48.78%. The company’s shares are currently down -46.80% year-to-date, but still down -39.74% over the last five days. On the other hand, Pagaya Technologies Ltd (NASDAQ:PGY) is -22.38% down in the 30-day period. We can see from the shorts that 5.81 million shares have been sold at a short interest cover period of 4.16 day(s).
The consensus price target as assigned by Wall Street analysts is $11.25, which translates to bulls needing to increase their stock price by 21.69% from its current value. Analyst projections state that PGY is forecast to be at a low of $1.25 and a high of $25.
Pagaya Technologies Ltd (PGY) estimates and forecasts
Pagaya Technologies Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -25.97 percent over the past six months and at a 250.00% annual growth rate that is well above the industry average of 9.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 9.55% in revenue this quarter, and will report an increase of 114.37% in the next quarter. The year-over-year growth rate is expected to be 25.36%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of 265.44M in revenue for the current quarter. 6 analysts expect Pagaya Technologies Ltd to make 276.22M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 218.04M and 245.28M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 21.74%. Forecasts for the next quarter put sales growth at 12.62%.
PGY Dividends
Pagaya Technologies Ltd’s next quarterly earnings report is expected to be released in December.
Pagaya Technologies Ltd (NASDAQ:PGY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 18.12% of Pagaya Technologies Ltd shares, and 52.55% of them are in the hands of institutional investors. The stock currently has a share float of 64.19%. Pagaya Technologies Ltd stock is held by 177.0 institutions, with VIOLA VENTURES V.C. MANAGEMENT 4 LTD. being the largest institutional investor. By 2024-06-30, it held 12.6747% of the shares, which is about 8.18 million shares worth $104.32 million.
X-SQUARE CAPITAL, LLC, with 0.0184% or 11879.0 shares worth $0.15 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
